Redstone Advisors Inc is a large advisory firm based in Wichita. It manages $448.97 million of regulatory assets for 117 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Florida, and 15 other states.
Redstone Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Redstone Advisors Inc is $448.97 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Redstone Advisors Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Redstone Advisors is high net worth individuals with 78 clients and $256.09 million of assets under management. Among the 6 most similar advisory firms, Redstone Advisors has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $301.16 million for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Redstone Advisors doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Redstone Advisors Inc performs its advisory services is located at 8100 E 22 Nd St N, Wichita, KS 67226 2308, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 316-687-2143 or by fax 316-687-2146. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at redstoneadv.com.